Requirements 1. Identify the components of the overview diagram of Keating's job-costing system. 2. Compute the 2017 budgeted direct-cost rate per hour of professional labor. 3. Compute the 2017 budgeted indirect-cost rate per hour of professional labor. 4. Keating \& Associates is considering bidding on two jobs: a. Litigation work for Richardson, Inc., which requires 75 budgeted hours of professional labor. b. Labor contract work for Punch, Inc., which requires 100 budgeted hours of professional labor. Prepare a cost estimate for each job